loanDepot (LDI) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for loanDepot in the last year. There are currently 1 sell rating and 7 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LDI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LDI, but not buy additional shares or sell existing shares.
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8 brokers have issued 12 month price targets for loanDepot's stock. Their LDI share price forecasts range from $1.00 to $3.00. On average, they anticipate the company's share price to reach $1.83 in the next year. This suggests that the stock has a possible downside of 4.0%.
View analysts price targets for LDI or view top-rated stocks among Wall Street analysts.

loanDepot's stock was trading at $1.65 on January 1st, 2023. Since then, LDI stock has increased by 15.8% and is now trading at $1.91.
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loanDepot saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,450,000 shares, a decline of 21.5% from the April 30th total of 3,120,000 shares. Based on an average daily trading volume, of 374,800 shares, the days-to-cover ratio is presently 6.5 days. Currently, 4.4% of the shares of the company are short sold.
View loanDepot's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our LDI earnings forecast.

loanDepot, Inc. (NYSE:LDI) issued its earnings results on Wednesday, March, 8th. The company reported ($0.46) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by $0.20. The business earned $169.66 million during the quarter, compared to analysts' expectations of $199.15 million. loanDepot had a negative net margin of 29.28% and a negative trailing twelve-month return on equity of 44.95%.

882 employees have rated loanDepot Chief Executive Officer Anthony Hsieh on Glassdoor.com. Anthony Hsieh has an approval rating of 80% among the company's employees. 67.0% of employees surveyed would recommend working at loanDepot to a friend.

(LDI) raised $300 million in an IPO on Thursday, February 11th 2021. The company issued 15,000,000 shares at $19.00-$21.00 per share. Goldman Sachs, BofA Securities, Credit Suisse, Morgan Stanley, Barclays, Citigroup, Jefferies and UBS Investment Bank served as the underwriters for the IPO and JMP Securities, Nomura, Piper Sandler, Raymond James and William Blair were co-managers.

loanDepot trades on the New York Stock Exchange (NYSE) under the ticker symbol "LDI."

loanDepot's stock is owned by many different institutional and retail investors. Top institutional investors include Cannell Capital LLC (1.24%), Brandywine Global Investment Management LLC (1.09%), Brandywine Global Investment Management LLC (1.08%), Renaissance Technologies LLC (0.18%), Prelude Capital Management LLC (0.16%) and Cannell & Co. (0.10%). Insiders that own company stock include Anthony Li Hsieh, Dan Binowitz, Frank Martell, Jeff Alexander Walsh, Jeffrey Michael Dergurahian, John Hoon Lee, Michael Linton, Nicole Carrillo, Pamela H Patenaude and Patrick J Flanagan.
View institutional ownership trends.

Shares of LDI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LDI stock can currently be purchased for approximately $1.91.

loanDepot (NYSE:LDI) has a market capitalization of $607.19 million and generates $1.26 billion in revenue each year. The company earns $-273,020,000.00 in net income (profit) each year or ($1.74) on an earnings per share basis.

The company employs 6,127 workers across the globe.

loanDepot's mailing address is 26642 TOWNE CENTRE DRIVE, FOOTHILL RANCH CA, 92610. The official website for the company is www.loandepot.com. The company can be reached via phone at 888-337-6888 or via email at ir@loandepot.com.